Credit Transfers

The Credit Transfers tab gives you a complete overview of all credit transfers initiated through Atlar — whether created manually, via API, or through a third-party system like your ERP.

Overview features

From this tab, you can:

• Filter by date, currency, counterparty, remittance information, and more
• Customize visible columns by clicking the cogwheel in the top-right corner
• Create a new credit transfer or import multiple transfers

Viewing credit transfer details

Double-click a credit transfer to open its full detail view. This includes:

• Details – Payment ID, source account, counterparty, payment scheme, and more
• Metadata – Custom fields used to tag or categorize payments (e.g. required comments)
• Counterparty – The recipient of the payment
• Attached transaction – The matched transaction from your account statement
• Approval chains – Who approved the payment and in what order
• Audit trail – A timeline of creation, edits, approvals, and status changes
• Connection instruction – The technical message sent to the third party (e.g. your banking partner)

Creating a credit transfer

Once your third-party connection and selected payment scheme are live, you can begin sending real payments. We recommend starting with small penny tests to ensure everything is working as expected.

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What are penny tests?

Penny tests (also known as penny transfers) are small-value payment tests — typically sending a very low amount (like €0.01 or €1.00) — used to verify that:

1. Bank connections are working correctly
2. Funds are successfully sent and received
3. Payment scheme configuration is correct
4. Reference information and reconciliation behave as expected

To create a new credit transfer:

1. Go to Payments > Credit Transfers
2. In the top right, click Actions > Create
3. Choose a creation method:
   1. From a template – Use a saved payment template
   2. Manual – Create a new payment from scratch

Manual credit transfer

To create a credit transfer manually, follow the steps below.

1. Choose transfer type:
   1. Internal – Between two accounts within Atlar
   2. External – From an Atlar account to an external one
2. Set source and destination accounts:
   1. From – Select a source account
   2. To – Choose an existing counterparty or create a new one:
      • Click Create New
      • Enter legal name and optional details
      • Click Add Account and provide:
        • Market
        • Identifiers (e.g. IBAN, account number)
        • Routing information (e.g. BIC)
3. Enter payment details:
   1. Amount and currency
   2. Reference
   3. Select a payment scheme
   4. (Optional) Add metadata keys to label or categorize the payment
4. Choose to configure the following advanced fields (optional):
   1. Category purpose – ISO 20022 category purpose code that defines the nature of the payment. Currently supported for SCT and CROSS_BORDER payment schemes.
   2. Charge bearer – Specifies who pays the transaction fees. Not supported by schemes with fixed fee structures, such as SEPA (e.g. SCT and SCT_INST).
   3. Regulatory reporting – Adding regulatory reporting details allows you to add supporting information if required for compliance or jurisdictional reporting.
   4. Urgent payment – Marks the payment as urgent, which may result in additional fees from the bank.
5. Review and create – Click Continue, review the full details, and click Create Credit Transfer.

The payment is now created and ready for approval if your organization uses approval chains.

Approving a credit transfer

To approve a payment:

1. Go to Approvals > Pending > Credit Transfers
2. Select the transfers you want to approve (individually or in bulk)
3. Click Approve

Note: Depending on your setup, the person who created the payment may not be able to approve it. If you don’t have access, contact your organization owner or Delivery Manager.

Monitoring payment statuses

Approved credit transfers can be tracked under Payments > Credit Transfers. Payment statuses include:

• Accepted – The bank has accepted the payment
• Executed – The payment has been processed the bank

For a full list of statuses and what they mean, see payment statuses.